How To Make An Offer On A Home

Here we’re providing you another informative article on making an offer on a home have a low-stress experience. One of the top Real Estate bloggers Paul Sian is providing so detailed post how one should make an offer. As buying/selling a home is a bit different from every day buying selling transactions. You’ll find the basics of any residential real estate offer and will get some helpful advice on how to make your offer. You’ll also find out if you can make a verbal offer or not. And Why?

Paul says: “Don’t let your Realtor pressure you into making your offer just because the market is hot and someone else may buy the home. You are better off letting a home pass than making a hasty offer on a home that you regret you purchased. Homes don’t come with “test drives” as cars do so once you make your offer and get locked into the purchase, the expense to get out of that home, later on, could do some serious damage to your budget. Also, try not to stretch your offer to the limits of your budget so you don’t end up in a house poor situation where you cannot afford both the upkeep/upgrades needed on the home and the mortgage payment at the same time. You might even get hit with another whammy down the line when the local tax authority raises the value of your home requiring you to pay more in property taxes on the home. So make sure you buy comfortably within your budget and consider the needs for remodeling the new home as well as the expense of keeping up with maintenance and the required updates in order to keep your home fresh.”

Find the full article here.

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